Greetings to all of you. As you all know the political environment in our country haschanged dramatically. This has led to widespread hope of an economic upsurge. Our citizensare rightfully expecting a higher GDP growth accompanied by rising living standards acrossthe entire strata. We at Atishay Infotech Limited are committed to developing technologysolutions/services for financial inclusion which we believe will enrich the people ofour country as a whole.
Information Technology industry in India is expected to clock exports revenues of USD84-87 billion in FY2015 maintaining a growth rate of 12-14 percent (Source: Nasscom). ITservices and software products will lead this growth. Increase in IT adoption by companieswill lead to a significant shift towards emergence of new technologies. The role of IT inorganizations will evolve from being "order takers" to transformative"business partners ".
Information Technology is continuing to play a critical role in growth of services ofGovernment departments the segment your company craters to .Larger governmentdepartments/ state governments are successfully implementing the basic IT infrastructureto run their operations and the next tire is also moving towards greater IT adoptionthrough increased usage of technology and replacement of legacy systems to meet thegrowing and
Mm ever-changing business requirements. To gj effectively leverage this opportunity ITcompanies are today required to grow and nurture their capabilities governance models andIT talent management. End user satisfaction and value creation will remain most criticaland will require greater attention.
Preceding Twelve Months
Our focus in the year was on transformation of the Company to achieve growth in revenueand profitability as well as to rightly position the Company in the future. Exposure fromBSE SME listing has fuelled the company's growth and increased accountability andmotivation for the action of all company fg insiders managers and leaders. Listingencouraged us to give our 200% to our new venture "Hotel Atishay".
New market segments and product innovation is the key to growth underlining theimportance of identifying new markets and championing emerging technologies. I would alsoadd that the need to focus on services that deliver on the ever-changing clientrequirements is equally vital. It is now even more important to deliver and managesolutions in a manner that helps our clients deliver better to their end users but whichare also most cost efficient.
We are proud of software applications and services that we have developed over manyyears with substantial input from our clients to provide them with comprehensive businesssolutions. We understand the needs of our clients/business partners and have developedinnovative services that can give them a competitive advantage and reduce their operationtime & costs. Our expertise is driving meaningful value and cost savings to ourclients through more efficient operating processes and improved service quality and speedfor our clients' customers. As the overall global economic environment improves AtishayInfotech Limited is gearing up to address the vast business potential that the recoveringgeographies are throwing up. By remaining aware and certain about our strategy and growthplan and working more diligently we are confident of creating an organization thatretains its core values and leverages the changes in the environment.
Our mission is to provide innovative solutions /products and services of best qualitythat follow technology and become preferred service provider to our clients /userstakeholders and is to achieve sustainable revenue and earnings. Our strategy in futurewill be built on the pillars of:
Expand Client Relationships.
Diversification of Services
Support Our Clients Through extended solutions and
My fellow members at the Board and I have strong believe that the passion with yourCompany was incorporated fifteen years back needs to be re-lived by each one of usconnected with Atishay: be it our employees shareholders clients or vendors. It will beonly then that we will we be able to use this best suited metamorphosis tool of the twentyfirst century that of technology to make a meaningful change in the lives of billions ofpeople around the Country.
As we keep working towards the common goal we will continue to keep paramount in ourminds the un- wavering importance of integrity and ethical business conduct.Acknowledgments
I express my sincere thanks to the various officials of the Central and StateGovernments our bankers and financial institutions for their on-going support andassistance to the Company.
Above all our team at Atishay remains the true source of our confidence and success.With their competence and dedication they continue to bring "error free work will bedone" confidence and faith on the faces/minds of our clients. I acknowledge theircontribution and am hopeful that this team grows into a phenomenal force in times to come.
I would not want to miss the opportunity of thanking my fellow Board members andbusiness Associates who have at all times provided us with their whole-hearted support.My profuse thanks of course are to our shareholders: for their deep and abiding trust inthe Company.
We are building a smarter more competitive and more humane Company. Our Company'sbusiness model which is both sustainable over the long term and fuelled by mostattractive high-growth technologies will provide stronger benefits to our Shareholders.Our road map is not just a list of targets: it is a management model built on developingmultiple ways to create value.
I trust you share our excitement about your Company's performance and the way in whichwe building on our solid past to build an even brighterfuture.